Property Division & Equalization
Did you know? Property rights are different for married and unmarried couples in Ontario
Certain types of property and/or assets are treated differently from others.
What Is A Property Division & Equalization ?
Married couples are entitled to equalization of their net family property, which is a calculation of the assets and debts accrued throughout the course of the marriage, with some exceptions.
Unmarried couples are not entitled to equalization of net family property. The exchange of financial disclosure is key in determining whether and how the parties’ property is to be divided.
Certain types of property and/or assets are treated differently from others. For example, any assets obtained through an inheritance or the home in which a married couple lived at the time of separation (referred to as the ‘matrimonial home’).
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The content on Mahin Law’s website is provided for informational purposes only and does not constitute legal advice. Please contact a lawyer for legal advice. At Mahin Law, we are here to provide you with the professional legal representation you need to navigate your Family Law matters effectively. Click here to read our full disclaimer.